WELCOME, AND PLEASE ENJOY YOUR MEAL.
• 7% FLAT FEE• BAKING SINCE CYCLE 27• ACCEPTING NEW DELEGATORS
OUR DELEGATION ADDRESS
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FAQ
Q: What is the current fee?
A: The current fee is 7% of all rewards. This includes baked blocks, endorsed blocks, and transaction fees.
Q: What is delegation?
A: The Tezos protocol uses Liquid Proof-of-Stake (LPoS) as its consensus mechanism. Bakers, like miners in proof-of-work (PoW), are responsible for creating the blocks in the blockchain, and are rewarded through newly issued XTZ. By delegating your XTZ to a baker, they can bake blocks on your behalf, while returning a portion of rewards to you.
Q: Can I lose my XTZ? What are the risks of delegating?
A: No, you cannot lose your XTZ. You are still in full control of your XTZ tokens, you are simply allowing someone to bake blocks on your behalf. The only risk of delegation is a malicious baker who doesn't pay out rewards. In this case, you will only lose your rewards, never any of the XTZ you have delegated.
Q: Can I solo bake?
A: To solo bake, you need at least 8000 XTZ (1 roll). You also need to run a full node that is online 24/7. Even then, unless you have many rolls, rewards will come inconsistently. Your baking power depends on the number of full rolls, so 8000 XTZ and 15999 XTZ have the same baking power as each other (1 full role). So a baker with 1 roll would have their baking power slowly diluted over time until they reached 2 rolls, at which point their baking power would double.
Q: Why delegate?
A: To earn a portion of the baking rewards and to vote on protocol changes. The Tezos protocol has ~5% inflation per year to reward bakers for constructing blocks. To avoid dilution of your XTZ relative to the total XTZ supply, you must solo bake or delegate to another baker. If you have under 8000 XTZ you cannot solo bake, and must delegate to a baker to earn rewards. Delegation also saves the trouble of running a dedicated node.
Q: When can I expect payouts?
A: We pay out every cycle, when rewards are unfrozen (approx. 3 days. Due to how the Tezos protocol works, you will not start earning rewards until about 11 cycles after you begin delegating. After this, you will earn rewards every cycle, and 11 cycles after you undelegate.
CHECK YOUR REWARDS. INPUT ADDRESS.
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